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Income Tax

A Canadian holding on to a receipt for their income tax filing.

Jacks on Tax

“I have receipts”: Why you need to keep Canada income tax documents 

You can’t just claim anything. In preparing to file your income tax return, you will need to save receipts...

“I have receipts”: Why you need to keep Canada income tax documents 
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How your net income gets calculated for tax and OAS

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...

How your net income gets calculated for tax and OAS

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What Canada’s deferred capital gains tax change means for your taxes

The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes...

What Canada’s deferred capital gains tax change means for your taxes
Finance Minister Dominic LeBlanc attends a first ministers meeting in Ottawa on Wednesday, Jan.15, 2025.

Taxes

When does the capital gains tax inclusion rate increase take effect?

Ottawa defers effective date of capital gains changes to 2026 and promises exemptions for the tax inclusion increase.

When does the capital gains tax inclusion rate increase take effect?

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Can seniors claim home renos on a tax return? If so, which ones?

Canadian seniors may be eligible for a tax credit on safety-related home renovations. Let’s look at the credits available...

Can seniors claim home renos on a tax return? If so, which ones?
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Canadian Crypto Observer

Will bitcoin crash in 2025?

Bitcoin is alive and well, three ways to buy crypto in Canada, and what to know about crypto capital...

Will bitcoin crash in 2025?

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How is a non-registered account taxed upon death?

Here’s a primer for Canadians planning for the tax payable on a non-registered account at death, including capital gains...

How is a non-registered account taxed upon death?
Canadian couple sitting together, wondering about moving money from RRSPs, RRIFs and TFSAs in retirement

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Moving money from RRSPs, RRIFs and TFSAs in retirement

To have liquidity and reduce taxes, Canadians can move money between registered accounts. But what are the tax, contribution...

Moving money from RRSPs, RRIFs and TFSAs in retirement

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Close-up of a Canadian 20 dollar bill

News

Changes to Canada’s tax brackets, CPP contributions and more in 2025

It's a new year. What financial changes will take effect in Canada in 2025?

Changes to Canada’s tax brackets, CPP contributions and more in 2025

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